Coupa Software agrees to be acquired by Thoma Bravo for $8bn
PRESS RELEASE Coupa Software Enters into Definitive Agreement to Be Acquired by Thoma Bravo for $8 ...
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SUPPLY CHAIN DIVE reports:
– Coupa acquired supply chain software company Llamasoft for $1.5 billion, according to a news release.
– The deal brings Coupa’s spend management and procurement technology together with Llamasoft’s supply chain and network planning software under one umbrella, at a time when businesses are prioritizing agility and the ability to “pivot on a dime,” Coupa CEO Rob Bernshteyn said in a statement.
– The purchase of Llamasoft marks Coupa’s fourth acquisition in 2020. Coupa bought Bellin, which provides treasury management software, ConnXus, a supplier diversity specialist, and Yapta for travel spend management this year — all moves to expand its capabilities in procurement and spend.
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